7 corporations own more than 50K metro Atlanta rental homes, analysis finds
The Atlanta Regional Commission's analysis reveals that seven corporations own over 50,000 single-family rental homes in metro Atlanta, spotlighting a significant trend in housing ownership. This concentration of corporate landlords in the rental market raises critical issues regarding housing availability and affordability for local residents. The corporate takeover of real estate is not just a local phenomenon but reflects a broader national trend affecting urban areas across the United States. As these corporations gain more control, there are concerns about rising rents and decreased options for families seeking affordable housing solutions. The analysis underscores the urgent need for local policymakers to consider strategies that could mitigate the negative impacts of corporate ownership.
The findings suggest that corporate influence could lead to a less competitive rental market, ultimately harming low-income families. Understanding these dynamics is essential for community leaders and advocacy groups as they navigate the complexities of urban housing. The report serves as a call to action for stakeholders to address the implications of this shifting landscape in the rental market.